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Turkey’s ruling Justice and Development Party (AK Party) has submitted a bill that foresees to prevent construction contractors that have undertaken public projects from being adversely affected by price hikes stemming from the increase in foreign exchange rates. An important driver of the Turkish economy over recent decades, the construction industry has been dealing with soaring costs over the...

The number of U.S. citizens purchasing real estate in Turkey increased by 115.2% in 2021 compared to the previous year, according to official data. The number of total house sales to foreigners increased by 43.5% in 2021 year-on-year, amounting to a total of 58,576, an Anadolu Agency report citing TurkStat data said Thursday. During the period in question, the number of residences in Turkey...